GIST signs MoU with Golden Equator Investment Group

□ The Gwangju Institute of Science and Technology (GIST, President Seung Hyeon Moon) and the Golden Equator Investment Group * have signed an a memorandum of understanding (MoU) that includes the establishment of human exchanges and partnership to create a new town for artificial intelligence for the 4th Industrial Revolution.

* Golden Equator is Singapore's leading asset management company that was established in 2012 and has its own investment ecosystem covering start-up, corporate incubation, investment, and consulting.

□ The MoU was signed at Golden Equator's headquarter in Singapore on March 2, 2018, in a ceremony that was attended by GIST President Seung Hyeon Moon, International and Public Affairs Dean  Yong Chul Kim, Golden Equator CEO Shirley Crystal Chua, Consulting Manager Adam Flinter, and Capital Manager after visiting the SPECTRUM facility.

∘ This agreement was the successor to the Investment Strategy Seminar held on December 4, 2018, where Golden Equator was invited by GIST, Korea Health Industry Development Institute, and C & R Healthcare to discuss feasibility studies, expertise and network sharing.

□ Meanwhile, the focus of GIST in the era of the 4th Industrial Revolution will be to foster human capital with GIST 4IR by creating an artificial intelligence-based campus and entrepreneurial ecosystem to foster convergence-type human resources, create high-quality jobs based on cutting-edge technologies, and lead innovation growth based on science and technology.

□ Shirley Crystal Chua, Founder and Chief Executive Officer of Golden Equator, said, "We are looking forward to contributing to Korea's first AI-centric business incubation for Asia based on a dynamic investment ecosystem we have built through business partnerships.

□ GIST President Seung Hyeon Moon said, ""With the comprehensive business agreement with the Golden Equator Investment Group, we will bring together the core competencies of both organizations and hope to become a powerful step forward in the creation of an artificial intelligence-centered business town and the training of science and technology talents in the era of the 4th Industrial Revolution."